Wisconsin bank lenders back plan for state loan guarantees
About 230 bankers from 160 banks backed Rep Gervase Hephners proposal for a state guarantee on operating loans with an 11 percent interest ceiling and a $10,000 per loan cap, but rejected an interest buy down due to foreclosure moratorium concerns. They urged one on one farmer support and questioned funding and timing for spring relief.
MENTIONED IN THIS ARTICLE
Gervase Hephner
Wisconsin Ag
Commission On Agriculture
Hephner
Wisconsin lawmakers hear farm credit plans at public hearing
Agriculture and economic development committees reviewed short and long term credit ideas for farmers, including 9 percent operating loans and a loan guarantee plus interest write-down. Leaders urged action to ease immediate cash needs and pursue tax relief, foreclosure moratoriums, and a credit review board while bond funding for an animal waste program lapsed.
MENTIONED IN THIS ARTICLE
Assembly
Governor’s Commission On Agriculture
Mary Gunderson
Department of Agriculture, Trade and Consumer Protection
Wisconsin Farmers Fund
Also Mentioned on This Page
WBA
Susted
Wisconsin Bankers Association
Ng Committee
Wisconsin
Mike Wehler
Wisconsin Pork Producers
the Governor’s Commission On Agriculture
Legislative Committee
Bob Uphoff
Madison
Wisconsin Park Producers
Lee Mulder
Wisconsin Farmers Union
Mr. Mulder
Joseph Wineke
Verona
Kundert Enterprises, Inc
FT. Atkinson
Fort Atkinson
M & Bank of Cambridge
Bill Stade
Precast Inc
Cedar Drive
Hwy
la Crescent
Minnesota
Loyal Farm Equipment
Loyal Dorchester
Marathon
MFG. Co., Inc
E. Elm Drive
Loyal
ARC
Preston Sales & Service
Sparta
Union Center
Bud's Surge
Beaver Dam
A.H. Bluemee & Sons CO
Rosendale
Arnoso
Dresen
Viroqua
Ware Street Market Report
Iroqois
Mammoth
Arlington
Empire Birds
Sudan
WISC
Porte Ogle Garry
Satan
CAL Center
Ware Street
Cty
Waupaca
Lin
Mvunds
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